JOHANNESBURG, South Africa, November 25/APO Group: The Africa Finance Corporation (AFC), which is the continent’s leading infrastructure solutions provider, has secured a USD75 million term loan facility from the Arab Bank for Economic Development in Africa (BADEA). This transaction, defined as a landmark, deepens AFC’s strategic partnership with BADEA.
The agreement was signed by the President of BADEA, H.E. Abdullah Almusaibeeh, and the President & Chief Executive Officer of AFC, Mr. Samaila Zubairu in the context of the AFC Day, held during the B20 Summit in Johannesburg. The signing underscores both institutions’ shared commitment to scaling sustainable development and unlocking long-term capital for African infrastructure.
The collaboration builds on BADEA’s shareholder investment in 2020, and the cooperation framework signed that year to jointly develop and finance infrastructure across priority sectors. This new facility reinforces BADEA’s role as a strategic partner and strengthens AFC’s capacity to deliver transformational infrastructure across the continent.
The proceeds is expected to support AFC’s mandate to develop and finance critical power, transport and logistics, heavy industries, telecommunications and digital infrastructure, as well as mining and natural resources. Through its established project development, structuring and execution capabilities, AFC will channel the capital into high-impact projects that catalyse economic transformation.
“As a shareholder of AFC, BADEA has been a valued and long-standing partner in advancing our mandate,” said Mr. Zubairu. “By deploying capital into sustainable, high-impact infrastructure, we continue to create pathways for inclusive economic growth across the continent.”
“BADEA and AFC have been strategic partners in advancing Africa’s development agenda, with a remarkable track record of syndicated transformative projects with medium to long-term financial instruments including equity participation,” commented BADEA’s President H.E. Abdullah Almusaibeeh. “Today’s signing of this USD75 million line of credit speaks volumes about BADEA’s agility to respond to development needs with a variety of instruments of different maturities.”
